U.S. Made $144 Billion in Improper Payments LAST YEAR

WVU82_rivals

Senior
May 29, 2001
199,095
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http://www.patheos.com/blogs/markmeckler/2017/05/u-s-made-144-billion-improper-payments-last-year/

The problem is growing, he said, from $125 billion in 2014; to $137 billion in 2015; to the most recent estimate of $144 billion in 2016. “This includes estimates for 112 programs at 22 federal agencies, so it is a pervasive problem,” he added.

Since 2003 – when Congress required many executive departments and agencies to estimate the amount of improper payments annually – the cumulative total is estimated to be “in excess of $1.2 trillion,” Dodaro said. “So it’s a significant amount of money.”

Dodaro said three big federal programs – Medicare, Medicaid and the Earned Income Tax Credit — account for most (75 percent) of the improper payments. “But there are a number of programs across government where this problem is an issue,” he said.
 

WVUCOOPER

Redshirt
Dec 10, 2002
55,555
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http://www.patheos.com/blogs/markmeckler/2017/05/u-s-made-144-billion-improper-payments-last-year/

The problem is growing, he said, from $125 billion in 2014; to $137 billion in 2015; to the most recent estimate of $144 billion in 2016. “This includes estimates for 112 programs at 22 federal agencies, so it is a pervasive problem,” he added.

Since 2003 – when Congress required many executive departments and agencies to estimate the amount of improper payments annually – the cumulative total is estimated to be “in excess of $1.2 trillion,” Dodaro said. “So it’s a significant amount of money.”

Dodaro said three big federal programs – Medicare, Medicaid and the Earned Income Tax Credit — account for most (75 percent) of the improper payments. “But there are a number of programs across government where this problem is an issue,” he said.
End the f'n EITC.